Nevada Considers Opening Salvage Sales to Public
The Nevada Assembly yesterday passed S.B. 360, a bill that would allow people other than auto wreckers, dealers or rebuilders to purchase salvage vehicles. The bill also would increase the time insurers are given to obtain salvage titles. The bill will now be considered by the Senate for a second time after revisions by the
House Subcommittee Holds Hearing on Federal Regulation of Insurance
The U.S. House of Representatives Committee on Financial Services’ Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises last week held a hearing addressing how the federal government should oversee the regulation of the insurance industry. Rep. Paul Kanjorski, D-Pa., subcommittee chairman, opened the hearing with a statement that reflected the growing interest in the
House Subcommittee Holds Hearing on Federal Regulation of Insurance
The U.S. House of Representatives Committee on Financial Services’ Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises last week held a hearing addressing how the federal government should oversee the regulation of the insurance industry. Rep. Paul Kanjorski, D-Pa., subcommittee chairman, opened the hearing with a statement that reflected the growing interest in the
Insurer Contributions to Congress Pegged at $35.7 Million Since ’05
Auto, home, business and life insurance companies contributed $35,743,017 to members of Congress during the last two election cycles, according to an analysis released by the nonprofit, nonpartisan Consumer Watchdog. About $5 million went to members of the House subcommittee that recently held a hearing entitled “How Should the Federal Government Oversee Insurance?” (click HERE
California Assembly Insurance Committee Backs Amended Anti-Steering Bill
The California Assembly’s Insurance Committee has unanimously recommended the passage of A.B. 1200, a bill that would allow insurers to discuss benefits offered by their companies during any part of the claims process. Originally, the bill would have added the following to the California Insurance Code’s anti-steering statute: Nothing in this section prohibits an insurer
California Assembly Committee Recommends Passing Amended Anti-Steering Bill
The California Assembly’s Insurance Committee has unanimously recommended the passage of A.B. 1200, a bill that would allow insurers to discuss benefits offered by their companies during any part of the claims process. Originally, the bill would have added the following to the California Insurance Code’s anti-steering statute: Nothing in this section prohibits an insurer
Legislative Lowdown
Federal – The U.S. House of Representatives is considering a bill that would remove the federal antitrust exemption from the insurance industry. In repealing the exemption, the Insurance Industry Competition Act would give the Department of Justice and the Federal Trade Commission (FTC) the authority to apply antitrust laws to anticompetitive behavior by insurance companies
Montana Labor Rate Bill Passes; Database Bill Killed
The fate of two bills introduced in the 2009 legislative session in Montana has been decided: H.B. 291 has passed and H.B. 286 was killed in committee. H.B. 291 dealing with labor rates changed the term “lowest prevailing” to “average market” rate. It has become law after the House passed it 96-3 and the Senate
Cash for Clunkers Gaining Support
“Cash for Clunkers” legislation has gained traction on Capitol Hill as competing bills in the House have been consolidated and moved out of committee. The White House and the House Energy and Commerce Committee reached an agreement on proposed legislation, which now moves to the full House for consideration. "’Cash for clunkers’ is a common-sense
Cash for Clunkers Gaining Support
“Cash for Clunkers” legislation has gained traction on Capitol Hill as competing bills in the House have been consolidated and moved out of committee. The White House and the House Energy and Commerce Committee reached an agreement on proposed legislation, which now moves to the full House for consideration. "’Cash for clunkers’ is a common-sense